We enable businesses to unlock more currencies and markets through a single, API-enabled connection point and platform, while ensuring they can more efficiently move funds internationally and access an entire correspondent banking and payments network.
Core solution
By consolidating banking and payment solutions into a single API-enabled access point, Freemarket helps small to medium-sized businesses gain access to a correspondent bank network and better manage global liquidity, FX rates, and real-time prices in a single view and platform. Our platform offers lower costs through its high-volume currency aggregation system and API technology that enables clients to create their own ‘business-to-business payments ecosystem’.
Target market
Contact details
hello@wearefreemarket.com
T: +44 02033932709
Geographical presence
Europe, UK, Middle East, Africa, India, US, LATAM, APAC
Year founded
2010
License type
API (Authorised Payment Institution)
Payment Gateway
Yes
Main area of focus
International payments and FX for SMEs
Online
Yes - web portal
Recurring payments
Payment methods supported
SWIFT, UKFP, SEPA, CHAPS, BACS
Settlement currencies
100+ currencies supported
Instant settlement
More information available upon request
Pay-out/Disbursements
Payments orchestration
Cryptocurrency payments solution
Reconciliation and reporting
B2B payments
Consolidated data and reporting dashboard
Fraud ratio PSD2/SCA
0.005%
Fraud and risk management partners
Risk Consultancy: FSCom
FX - number of currencies available
Yes, 100+ currencies supported by end of Q2
Virtual IBAN
Multi currencies virtual IBAN
Current account/settlement account
Client onboarding (KYC/KYB)
Main clients/references
90%+ retention rate with over 300 clients for last six years straight
Awards
The Sunday Times 100 2022 Britain's Fastest Growing Private Companies #12
Deloitte Fast Tech 50 - #25
FT1000 - #81
Future developments
Growing our banking network to 12 banks
Expanding currency and country coverage: 100+ currencies supported across 200+ countries
Robust crypto offering: stablecoin to fiat supported
Transaction value
GBP 4 billion in transaction volume value processed